Protesters in France last week carried signs urging Apple to "pay your taxes" in a reference to its dispute with EU authorities over back taxes (AFP Photo/ANNE-CHRISTINE POUJOULAT)

The EU pushed on Tuesday for Europe to draw up a blacklist of tax havens after the "Paradise Papers" revealed loopholes used by Apple and Nike as well as celebrities including Formula One champion Lewis Hamilton.

While seeking to minimise taxes is not necessarily illegal, revelations from the 13.4 million leaked documents have already proved embarrassing to figures as diverse as U2 singer Bono and Queen Elizabeth II.

Apple is the latest company to become caught up in the leaks, which show how the technology giant moved tens of billions of dollars from low-tax Ireland to Britain's Channel Islands when Dublin began tightening its laws in 2015.

But Apple said shifting the funds to the island of Jersey, which is largely exempt from EU tax regulations, did not save it any money.

The leaks -- which shed further light on how the global elite manages its money after the Panama Papers and LuxLeaks scandal -- were centre-stage at Tuesday's meeting of EU finance ministers in Brussels.

The EU has struggled for more than a year to finalise a list of non-EU tax havens, with smaller, low-tax nations such as Ireland, Malta and Luxembourg reluctant to scare companies away.

But EU Economic Affairs Commissioner Pierre Moscovici, who is leading the blacklist effort, said he wanted it in place by the end of the year.

"It must be credible and up to the challenge," he said.

Sources said EU officials have warned about 60 countries that their tax policies may be at risk of blacklisting, demanding further information before November 18.

It is the latest international effort to clamp down on tax avoidance -- increasingly seen as a moral issue -- following a similar move by the OECD group of wealthy nations to compile a list of "uncooperative tax havens".

In Britain, the BBC and The Guardian reported that Hamilton avoided paying taxes on his private jet using an elaborate scheme now under investigation by tax authorities.

Documents showed that the driver received a Â£3.3 million ($4.3 million, 3.7 million euros) tax refund in 2013 after his luxury plane was imported into the Isle of Man, a low-tax British dependency.

Hamilton's representatives could not be reached by AFP for comment.

Another report in French newspaper Le Monde said sportswear giant Nike used a Dutch loophole to reduce its tax rate in Europe to just two percent, compared with a 25 percent average for European companies.

Nike, which says it acted legally, managed to save taxes by using an offshore subsidiary, the report said.